The Ritz-Carlton Herzliya
The Ritz-Carlton Herzliya is the first hotel property for the Ritz-Carlton Hotel Company to operate in Israel and is situated at the Herzliya Marina just north of Tel Aviv.
This luxury mixed-use property consists of 115 hotel guest rooms and 82 residences divided in studios, one- and two-bedroom residences. The property also includes a Ritz-Carlton spa and a rooftop swimming pool and bar.
In this project, Valhalla Associates was retained by the developer to advise on the product mix and structure for the residential component and to develop the financial forecast for the sales and marketing operation related to these. Finally Valhalla Associates advised the developer on the negotiation of the management agreement with The Ritz-Carlton for the management of the residences.